The Federal Reserve is expected to give the signal for more rate hikes later this year as it wraps its meeting on Wednesday.
The bond market is still struggling with that concept, says Bryce Doty, senior portfolio manager of fixed income at Sit Investment Associates.
“It’s going to be a bumpy ride,” Doty told CNBC’s “Futures Now” on Tuesday. “Regardless of how well [Fed members] communicate what they’re going to do, it’s going to be kind of a spicy year. There’s going to be some indigestion.”